European government bonds were little changed as investors showed a muted reaction to Standard & Poor's decision Friday to raise its outlook on Spain's debt and strip the Netherlands of its top credit rating. Above, a store logo on a sign outside an Albert Heijn supermarket in Utrecht, Netherlands.

European government bonds were little changed as investors showed a muted reaction to Standard & Poor's decision Friday to raise its outlook on Spain's debt and strip the Netherlands of its top credit rating. Above, a store logo on a sign outside an Albert Heijn supermarket in Utrecht, Netherlands. (Jasper Juinen / Bloomberg)

European government bonds were little changed as investors showed a muted reaction to Standard & Poor's decision Friday to raise its outlook on Spain's debt and strip the Netherlands of its top credit rating. Above, a store logo on a sign outside an Albert Heijn supermarket in Utrecht, Netherlands.